The ADX Buy Sell Indicator for MT4 is a powerful trend-following tool based on the Average Directional Index (ADX). It provides clear BUY and SELL arrow signals to indicate bullish and bearish price movements, helping traders identify high-probability trading opportunities. A key feature of this indicator is that it does not repaint, ensuring that signals remain reliable and actionable for both beginner and experienced forex traders.
How the ADX Buy Sell Indicator Works
The signals are generated based on the crossover of the DI+ and DI- lines of the ADX indicator:
Blue Arrow: Indicates the start of a bullish trend (BUY signal)
Red Arrow: Indicates the start of a bearish trend (SELL signal)
These signals are visually displayed on the chart, allowing traders to quickly identify trend direction and plan trade entries and exits.
Trading Signals and Strategy
Buy Strategy
Enter a BUY trade when a blue arrow appears.
Place stop-loss below the previous swing low.
Take profit at the appearance of the opposite signal arrow, or use technical levels such as support/resistance or breakouts for confirmation.
For extra validation, enter only after the price breaks above the high of the signal candle.
Sell Strategy
Enter a SELL trade when a red arrow appears.
Place stop-loss above the previous swing high.
Take profit at the appearance of the opposite signal arrow or use technical zones for guidance.
Best Market Conditions
Works best in trending markets.
Less effective in ranging markets, as it may produce false signals.
To improve accuracy, combine with other technical indicators and trade in the direction of the main trend.
Conclusion
The ADX Buy Sell Indicator for MT4 is an easy-to-use, reliable tool for forex trend trading. Its non-repainting arrows help traders identify bullish and bearish trends with confidence. While the indicator can be used on its own, the best results come from combining it with other technical analysis tools and proper risk management. The indicator is free to download and simple to install, making it accessible for traders at all levels.
